REC Power handed over SPV for power evacuation from RE projects

03 Jan 2022 CW Team

REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has handed over the project-specific Special Purpose Vehicle (SPV), formed for the construction of transmission projects through a transmission system for power evacuation from renewable energy projects in Maharashtra to the consortium of IndiGrid 1 Limited and IndiGrid 2 Limited.

The consortiums were the winning bidders of the inter-state power transmission project, under the Ministry of Power, Government of India and RECPDCL as the bidding process coordinator.

CEO of RECPDCL, R Lakshmanan and Joint CEO of RECPDCL, TSC Bosh, handed over the SPV to Bigyan Parija from IndiGrid 1 Limited and Aditya Kislay from IndiGrid 2 Limited. Other senior officials of all the three companies were also present there.

The transmission developers who participated in the bidding were selected through the Tariff-Based Competitive Bidding (TBCB) process in line with the Standard Bidding Document and guidelines of the Ministry of Power and the government of India.

The scope of transmission project work includes setting up a 400/220 kV sub-station at Kallam and a LILO of 400 kV double circuit in the Pune transmission line. The deadline to complete the project is 18 months.

Image Source

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..